“2012 looks set to be one in which on-going trends will be stretched to their full potential, particularly as consumer concerns about health and wellness have prevailed and continue to be high on the agenda,” says Laura Kempster, senior market analyst. “Coupled with this, the uncertain economic future continues to affect both industry and consumers with a ‘tightening of belts’ attitude still very much affecting spending and investment.”
Malaysian cocoa plantation owner KLK Selbourne Estate won this year’s Cocoa Industry Award for the best plantation in Malaysia after partnering up with Barry Callebaut for a joint agronomy research program.
Grupo Bimbo announced that it has completed its acquisition of Sara Lee Corporation´s fresh bakery business in Spain and Portugal for 115 million EUR. The acquisition includes bread, pastries and snacks produced under the Bimbo, Silueta, Ortíz, Martinez and Eagle brands, among others.
Latest research from Mintel on the sugar and gum confectionery market in Europe reveals that in the big five European countries, sales of sugar and gum confectionery have remained stagnant over the past four years (2008–2011), from €8.6 billion in 2008 to an estimated €8.9bn in 2011.
The Chinese Government has cleared Nestlé’s bid to acquire a majority stake in Singapore-listed confectionery manufacturer Hsu Fu Chi for $1.7bn, following the completion of an anti-monopoly review.
On his visit to Fi Europe 2011 in Paris last week Charles Rivkin, the US Ambassador to France and Monaco, chose to emphasise the importance of the food industry to the global economy in this time of austerity.